Made by str1v3r #ICP 4H
Cryptovizor data: TREND 🔴🔴🟢🟢🔴 MA 🔴 RSI 🟡 20.05.2023
Volume 1D 3.2 M CD Week 232.47 K
The previous analysis stands firm: The price isn't setting new lows, indicating a potential correction to the downtrend.
Currently, a strong resistance zone is visible between $5.40 and $5.47, undergoing tests. Market sell orders were fulfilled just hours ago at a limit price of $5.2.
The immediate resistance to anticipate lies within the $5.6 to $5.7 range. This includes the 200-period moving average on the 4H chart and a notable psychological threshold. Another resistance zone is situated between $5.9 and $6.0, which formerly served as a robust support and initiated the downward impulse.
